Glossary

Glossary

Term Sheet

A non-binding summary of the main financial and legal deal terms

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Unicorn

A privately held startup valued at $1 billion or more

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Valuation Cap

A ceiling on valuation for converting early investor's notes

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Vesting Cliff

A period where equity is earned only after a specific milestone

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Vesting Schedule

The timeline and process for earning full ownership of equity

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Due Diligence

The investigation investors perform before money changes hands

By Chris Kernaghan Nov 24, 2025 1 min read

Glossary

Churn Rate

The percentage of subscribers who cancel or fail to renew

By Chris Kernaghan Nov 23, 2025 1 min read

Glossary

Cap Table

A spreadsheet detailing exactly who owns your company's shares

By Chris Kernaghan Nov 23, 2025 1 min read

Glossary

Burn Rate

The speed at which your startup spends its cash reserves

By Chris Kernaghan Nov 23, 2025 1 min read

Glossary

Bridge Round

Interim funding to keep the company alive between major rounds

By Chris Kernaghan Nov 23, 2025 1 min read

Glossary

Bootstrapping

Building a startup using personal savings and revenue, not investor cash

By Chris Kernaghan Nov 23, 2025 1 min read

Glossary

B2C

Selling directly to individual customers; high volume, lower price point

By Chris Kernaghan Nov 23, 2025 1 min read